ProShares UltraShort Russell2000 (NYSEARCA:TWM) Trading Down 0.1% – Here’s Why

ProShares UltraShort Russell2000 (NYSEARCA:TWM) shares traded down 0.1% during mid-day trading on Wednesday . The company traded as low as $41.64 and last traded at $41.64. 208,883 shares changed hands during trading, a decline of 77% from the average session volume of 901,230 shares. The stock had previously closed at $41.68.

ProShares UltraShort Russell2000 Trading Down 3.3 %

The company has a fifty day moving average price of $44.86 and a 200 day moving average price of $50.30.

Hedge Funds Weigh In On ProShares UltraShort Russell2000

An institutional investor recently raised its position in ProShares UltraShort Russell2000 stock. Headlands Technologies LLC grew its stake in shares of ProShares UltraShort Russell2000 (NYSEARCA:TWM) by 77.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,231 shares of the company’s stock after buying an additional 3,603 shares during the quarter. Headlands Technologies LLC owned 0.15% of ProShares UltraShort Russell2000 worth $92,000 at the end of the most recent quarter.

ProShares UltraShort Russell2000 Company Profile

ProShares UltraShort Russell2000 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Russell 2000 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.